BRYAN, Texas June 20, 2016 - ATLAS - the master-planned development situated at the epicenter of the Texas A&M Biocorridor, announces ViaSat (NASDAQ: VSAT), a global broadband services and technology company, has entered into a purchase and sale agreement enabling ViaSat to acquire 8.6 acres of land to construct a new Texas facility.
ViaSat plans to construct an 80,000 square foot corporate campus, which will house more than 200 employees. Construction is expected to begin in mid-2017, with occupancy planned for 2018. The ViaSat team in the new office will primarily focus on the company's Managed Wi-Fi services business, which extends the reach of broadband internet connections with hotspots for both single and multi-site networks.
Financial details of the transaction were not disclosed.
'We recognize there is a tremendous amount of talent we can tap into across the technology, engineering and research sectors in the Bryan/College Station community,' says Rick Baldridge, president, ViaSat. 'Our new facility in ATLAS will enable us to support our expected growth while offering an integrated, collaborative and amenity-rich environment.'
The new ViaSat facility in ATLAS would be located next to 'Cashion Lake,' in proximity to Nutrabolt, iBio and FujiFilm Diosynth Biotechnologies. Per the agreement, the company also has an option to acquire the adjacent 4.3 acres within five years. ViaSat is the first global technology company to move a facility to ATLAS, and the latest highlight for the thriving planned community recognized for its blend of lifestyle, employment and outdoor opportunities.
'ViaSat is the standard when it comes to global broadband services and technologies, and we're elated about the company's move to ATLAS,' says Spencer Clements, Principal, ATLAS and Traditions Development. 'Situated directly between Texas A&M's flagship campus and the recently announced RELLIS campus, ATLAS continues to attract a variety of industry-leading businesses as an appealing place to live, work and play.'
ATLAS is adjacent to the Texas A&M Health Science Center and just two miles from Texas A&M University and Easterwood Airport. The College of Veterinary Medicine, the $32 million Hildebrand Equine Complex, Mays Business School, Texas A&M Research Park, National Center for Therapeutics Manufacturing and the Texas Institute of Preclinical Studies are all within 2.5 miles.
Earlier this year, the development welcomed The Stella Hotel - the focal point of the 200-acre ATLAS community - which recently hired noted hotel executive Peggy Trott as its general manager. ATLAS is also adjacent to the Traditions Club and Community, providing access to its Jack Nicklaus/Jack Nicklaus II designed championship golf course, social activities, corporate retreats, elegant dining and luxurious home sites. This, combined with the proximity to world-class researchers and students locating within ATLAS, provides an ideal collaborative atmosphere for companies.
For more information about ATLAS: www.atlastx.com.
An extension of and adjacent to the acclaimed Traditions Club and Community, ATLAS is the only master-planned community in Texas created for companies engaged in the health and wellness fields. ATLAS offers a thriving planned community chock-full of lifestyle, employment and outdoor opportunities, including The Stella Hotel.
Centrally located within The Texas A&M Biocorridor, ATLAS is adjacent to the university's Health Science Center and just two miles from Easterwood Airport and the main campus. The College of Veterinary Medicine, the $32 million Hildebrand Equine Complex, Mays Business School, Research Park, National Center for Therapeutics Manufacturing and the Texas Institute of Preclinical Studies are all within 2.5 miles.
ATLAS provides access to its Jack Nicklaus/Jack Nicklaus II designed championship golf course, social activities, corporate retreats, elegant dining and luxurious home sites. This, combined with unparalleled entrée and proximity to world-class researchers and students locating within ATLAS, provides an ideal collaborative atmosphere for companies.
ViaSat, Inc. (NASDAQ: VSAT) keeps the world connected. As a global broadband services and technology company, ViaSat ensures consumers, businesses, governments and military personnel have communications access - anywhere - whether on the ground or in-flight. The Company's innovations in designing highest-capacity satellites and secure ground infrastructure and terminal technologies coupled with its international network of managed Wi-Fi hotspots enable ViaSat to deliver a best available network that extends the reach and accessibility of broadband internet service, globally.
For more information visit ViaSat at: www.viasat.com, or follow the Company on social media: Facebook, Twitter, LinkedIn and YouTube.
Buffalo Brand Invigoration Group